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13 Jun 2013
GBP/JPY trading flat above 150
FXstreet.com (Barcelona) - GBP/JPY is last at 150.29, unchanged since Tuesday's mid London session, when fell from Monday's weekly highs at 154.28 on the back of Yen strength.
The cross has traded inside a wide 152/149.30 range last 36 hours, as even though Cable is also strong against USD, Yen has been the strongest among majors in same time span, thus making the cross going really nowhere. Minutes away from Tokyo start, the Nikkei index futures point for a slightly lower open barely below the 13000 points mark.
Immediate support to the downside for GBP/JPY lies at current levels as past Thursday's lows around 150.15, followed by yesterday's/Tuesday's weekly lows at 149.34, while to the upside closest resistance shows at recent session highs at 150.70, followed by yesterday's highs/Monday's lows at 151.98.
The cross has traded inside a wide 152/149.30 range last 36 hours, as even though Cable is also strong against USD, Yen has been the strongest among majors in same time span, thus making the cross going really nowhere. Minutes away from Tokyo start, the Nikkei index futures point for a slightly lower open barely below the 13000 points mark.
Immediate support to the downside for GBP/JPY lies at current levels as past Thursday's lows around 150.15, followed by yesterday's/Tuesday's weekly lows at 149.34, while to the upside closest resistance shows at recent session highs at 150.70, followed by yesterday's highs/Monday's lows at 151.98.